If I Were a Kickstarter Supporter in Oculus Rift, I Wouldn't Be Happy Today

Posted on March 26, 2014
by Ted Leonsis

As a sports agent once told me in a business
negotiation..."Ted, it isn't about the money, IT IS ABOUT THE
MONEY!!!!!!!!!!!!!!!".

So - users came together to support this product and
service, in a communal action, out of goodness and community
spirit.

The product doesn't even ship and the company sells for $2
billion. The founders and the VC investor will cash out.

And the users who helped finance the product get an
email of explanation as a thank you.

I hope this doesn't affect future altruistic Kickstarter campaigns and people looking to raise money for their service.

And if I were at Oculus Rift - I would do something meaningful to thank
the Kickstarter community. Read these articles here and here. I think this is a
seminal event in crowd funding as no one gives small dollar support in seeking
to make a billionaire cash out in a short period of time.